View Poll Results: Was George W Bush a good president?

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  • I'm a right leaning American, yes.

    33 21.71%
  • I'm a left leaning American, yes.

    4 2.63%
  • I'm not American, Yes.

    4 2.63%
  • I'm a right leaning American, no.

    31 20.39%
  • I'm a left leaning American, no.

    66 43.42%
  • I'm not American, no.

    14 9.21%
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Thread: Was George W Bush a good president?[W:439:621]

  1. #221
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    Re: Was George W Bush a good president?

    Quote Originally Posted by ChrisL View Post
    I'm not talking to you, and I don't have to take his WORD for anything without a link to read supporting data for the chart.
    I am not sure why you want supporting data. Are you unsure if there was a housing bubble? What exactly do you expect to be wrong about the chart, it is a very common chart that most people should be familiar with, if they have an opinion about the financial crisis.

    If you want the source for the data, just look for property prices House Price Index | Federal Housing Finance Agency and adjust it for income.

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    Re: Was George W Bush a good president?

    Quote Originally Posted by Camlon View Post
    I am not sure why you want supporting data. Are you unsure if there was a housing bubble? What exactly do you expect to be wrong about the chart, it is a very common chart that most people should be familiar with, if they have an opinion about the financial crisis.

    If you want the source for the data, just look for property prices House Price Index | Federal Housing Finance Agency and adjust it for income.
    Why do you ask that? I want to read what your source has to say about it, what do they blame it on, etc. I don't think that it's asking too much for your to post a link to source and let the readers decide for themselves whether or not they want to check it out. No one has asked you to explain the housing crisis, but only to post a link to your chart.

  3. #223
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    Re: Was George W Bush a good president?

    Quote Originally Posted by Gimmesometruth View Post
    Fixed it for you.
    How cute. Shirking responsibility - like a good liberal.

    Must be great to have zero culpability and a handy scapegoat. If you move to a socialist nation, you can live your dream.

  4. #224
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    Re: Was George W Bush a good president?

    Quote Originally Posted by Camlon View Post
    I am not blaming the president Bush for people's financial malinvestments. If you lost money to financial crisis, then that is your fault. I am blaming him for the economic meltdown.

    In 2001 there was a small crisis. The response of the politicians was to reduce interest rates from 5-6% to 1% and implement tax cuts. They wanted to make the crisis as small as possible. That was a really bad idea and only worked short term. The new liquidity caused property prices to skyrocket. In fact a lot of people bought expensive properties, because they expected property prices to keep rising.

    That was mistake #1. By 2005 it was very clear what is happening and it did not look pretty. Even Alan Greenspan realized US had a problem and started to increase interest rates. At that time Bush could have gone out and said we are risking an economic crisis and we need to do something. Instead he totally ignored the whole problem and just hoped it won't crash under his presidency. It was his responsibility to lead the US, and he failed.

    Why did you leave out the fact that banks were giving mortgages to people that they knew would not be able to pay them. Maybe not illegal, but a lot of times banks and financial institutions were making some shady deals, and that played a role I think.

    And what do you think of this. This article is a year old, but still.

    The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

    President Obamaís economic advisers and outside experts say the nationís much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.
    Obama administration pushes banks to make home loans to people with weaker credit - The Washington Post

  5. #225
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    Re: Was George W Bush a good president?

    Quote Originally Posted by ChrisL View Post
    Why do you ask that? I want to read what your source has to say about it, what do they blame it on, etc. I don't think that it's asking too much for your to post a link to source and let the readers decide for themselves whether or not they want to check it out. No one has asked you to explain the housing crisis, but only to post a link to your chart.
    Normally the point of posting sources is to see where the data comes from. I don't want to be difficult, so the source is here http://econ.economicshelp.org/2009/0...use-prices.htm
    But I don't see the point, why do care about his opinion. There are lots of opinions out there and I don't particularly care about the link expect they gave me an useful chart to show my point.

  6. #226
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    Re: Was George W Bush a good president?

    Quote Originally Posted by Camlon View Post
    Normally the point of posting sources is to see where the data comes from. I don't want to be difficult, so the source is here http://econ.economicshelp.org/2009/0...use-prices.htm
    But I don't see the point, why do care about his opinion. There are lots of opinions out there and I don't particularly care about the link expect they gave me an useful chart to show my point.
    I already found the source myself by reading it off the bottom of your chart, so thanks anyway. It really wasn't what I thought it was going to be though.

  7. #227
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    Re: Was George W Bush a good president?

    Quote Originally Posted by Gipper View Post
    How cute. Shirking responsibility - like a good liberal.
    LOL....the irony....tell us again what kind of a person would blame Shrub?

    FFS.....you reallllllllly thought that one thru.

    Must be great to have zero culpability......
    Oooops, you did it again! Hypocrisy is set to full on along with full straw mode!

    This knee jerk reaction has caused full foot in mouth implantation.
    Quote Originally Posted by Drumpf
    "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters."
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  8. #228
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    Re: Was George W Bush a good president?

    Quote Originally Posted by ChrisL View Post
    Why did you leave out the fact that banks were giving mortgages to people that they knew would not be able to pay them. Maybe not illegal, but a lot of times banks and financial institutions were making some shady deals, and that played a role I think.
    He did not "leave it out", he said that Bush could have done something about the out of control lending....and did nothing.

    And what do you think of this. This article is a year old, but still.
    But still what? Private lending by the banks has become way to difficult, but the banks want it that way, they would rather sit on the stock they hold until prices rise....but it is causing rents to rise and it is stopping one of the few investment opportunities for families.

    Autos are recovering because the lending has NOT gone the way of mortgages.
    Quote Originally Posted by Drumpf
    "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters."
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  9. #229
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    Re: Was George W Bush a good president?

    Quote Originally Posted by ChrisL View Post
    Why did you leave out the fact that banks were giving mortgages to people that they knew would not be able to pay them. Maybe not illegal, but a lot of times banks and financial institutions were making some shady deals, and that played a role I think.
    They didn't really give to people they knew would not pay it back. They gave loans to risky people. However, it is my belief that tighter lending standards would not have prevented the property bubble and the financial crisis. Subprime mortgages was not the main problem. http://phoenixsourcedistributors.com...f-problem1.jpg

    The main cause was similar to other property bubbles. People invest because they expect prices to go up. Once prices no longer go up, they will try to sell as fast as possible to avoid losing money. Everyone trying to sell at the same moment will further decrease prices.

    Many people are unable to pay back their loans because their assets are worth too little. Banks will have to pay the rest. Once the bank start to struggle, then you have an financial crisis.


    And what do you think of this. This article is a year old, but still.
    I think it will have little effect, and is not the way to achieve economic recovery. He needs to focus on jobs instead.

    I am not too worried about a new financial crisis right now. They generally come when people have forgotten about the last one.

  10. #230
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    Re: Was George W Bush a good president?

    Quote Originally Posted by vasuderatorrent View Post
    Was George W Bush a good president?
    About as good as Obama....which is to say a disaster.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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